| Introduction | The United Cooperative Assurance Company (UCA) announces the signing of an extension of insurance agreement with the Saudi BinLadin Group for extending an engineering insurance coverage. |
| Date of Announcement of the Award | 2025-12-30 Corresponding to 1447-07-10 |
| Contract Subject Matter | Engineering Insurance Coverage. |
| The Entity with Which the Contract was Signed | Saudi BinLadin Group |
| Date of Signing the Contract | 2025-12-30 Corresponding to 1447-07-10 |
| Contract Value | The contract value exceeds 20% of the gross written premiums of the company as per latest audited financial statements for the year 2024. |
| Contract Details | Contractors all risks insurance coverage extension for the Custodian of the Two Holy Mosques' extension of Haram project in Makkah |
| Contract Duration | For a full year, effective from 01 January 2026 |
| Financial Impact and the Relevant Period | Expected to have a positive impact on the financial results of the company for the period ending 2026. |
| Related Parties | There is no related party. |
| Additional Information | The United Cooperative Assurance Company (UCA) confirms that the contract is in the ordinary course of business and did not confer any preferential benefits. |
